F|T: The FinTech Times – WePay you $400 million

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

OSC seeking applications for FinTech advisory committee(BETAKIT)

The FinTech Advisory Committee advises OSC LaunchPad on developments in the FinTech space and challenges faced by startups in the securities industry.

It’s 1994 in cryptocurrency(FORBES)

The CIO of BlockTower Capital says the current state of bitcoin is a lot like email in 1994.

Kik investing $12 million towards improving user safety on Kin platform(BETAKIT)

“Due to the infancy of the industry, most cryptocurrency companies are not ready or able to tackle safety issues,” said Kik CEO Ted Livingston.

Credit card redemption startup Earny raises $9 million(FINEXTRA)

The funding round, led by Mayfield with participation from Comcast Ventures and existing investor Science Inc., brings the company’s total funding to $11.5 million.

Chase closes WePay acquisition, a deal valued up to $400M(TECHCRUNCH)

Sources close to the company have confirmed the price of the deal: just over $300 million, and up to $400 million including retention bonuses and earn-outs subject to hitting certain targets in coming quarters.

MasterCard-backed Revolut enables bitcoin for cross-border payments (CCN)

Revolut will now be able to access bitcoin, litecoin, and ethereum in a matter of seconds, alongside 25 of the world’s currencies. They can then hold the digital currencies within the app or transfer it to others with no fees involved.

Israel’s Viola Ventures raises $100 million for FinTech investment fund (FINEXTRA)

Fund backers from the financial sphere include Scotiabank, The Travelers Companies, and Bank Hapoalim. The investment group says the money will be invested globally.

Coinsquare raises $10.5 million Series A(BETAKIT)

The Toronto-based cryptocurrency platform for buying and selling bitcoin says it now has a $110.5 million post-money valuation.

N26 launches a premium debit card for ‘the digital customer,’ partners with WeWork (TECHCRUNCH)

N26 says the card offers dedicated customer service, worldwide travel insurance, no foreign withdrawal fees, and good exchange rates.

Create more value than you capture: An oral history of Toronto product development

BetaKit’s first #longform piece looks back at 15 years of Toronto tech.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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